shareholders, you're going to miss out on a lot of very high-quality businesses like [TICKER:GOOG] Google or like Priceline ( PCLN ). And I think those companies would be much better and they'd be much better investments if their management teams were more

on a lot of very high-quality businesses like [TICKER:GOOG] Google or like Priceline ( PCLN ). And I think those companies would be much better and they'd be much better investments if their management teams were more diligent

newsletter. He recently initiated a position in Priceline ( PCLN ). We're going to talk about his thinking behind this purchase ..... Fortunately, the whole business isn't William Shatner. Actually, Priceline . com , which is the brand that most U.S. consumers are probably

editor of Morningstar StockInvestor newsletter. He recently initiated a position in Priceline ( PCLN ). We're going to talk about his thinking behind this purchase. Matt, thanks for joining me. Matt Coffina: Thanks for having me, Jeremy. Glaser: Could you start off by just kind of walking us through Priceline's business? We're probably familiar with the William Shatner commercials, but what else is going on in this company? Coffina: Fortunately, the whole business isn't William Shatner. Actually, Priceline.com , which is the brand that most U.S. consumers are probably most familiar with, is a very small part of the business. Their

They recently entered into 5-star territory, which is why I wanted to highlight it this week. People might think of Priceline . com in the U.S., but really Priceline's big business is Booking.com, which is primarily a European-focused site

why I wanted to highlight it this week. People might think of Priceline.com in the U.S., but really Priceline's big business is Booking.com, which is primarily a European-focused site, and it connects travelers to boutique